Accounting for Just-In-Time Operations Requires Fewer Transactions Because

question 43

Multiple Choice

Accounting for just-in-time operations requires fewer transactions because

• A) large batches of inventory are combined in a smaller number of transactions.
• B) costs are accumulated in one department and then transferred to the next department.
• C) combined material and conversion costs are transferred to finished goods.
• D) costs are transferred from department to department allowing for better controls in costs.

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Definitions:

Deuterostomes

A major division of the animal kingdom in which the anus develops from the first opening in the embryo, followed by the mouth.

Echinoderms

Marine animals characterized by radial symmetry and a unique water vascular system, which includes species such as sea stars, sea urchins, and sea cucumbers.

Embryonic Stages

Phases of development that an embryo goes through from fertilization to birth.

Ardipithecus Ramidus

An early hominin species known for its bipedal locomotion, contributing to our understanding of human evolution.